#REX-OSPREYSolanaETF NFPWatch Investigation: Charity CEO Pay Soars While Program Spending Stagnates**

*By [Your Name]*

**July 4, 2025** — A new analysis by *NFPWatch* reveals that executive compensation at some of the nation’s largest nonprofits has grown sharply over the past five years, even as spending on core mission programs lagged behind inflation.

### Key Findings:

- **Top-Heavy Salaries:** CEOs at 20 major U.S. charities saw average pay rise **22%** since 2020, with several exceeding $1 million annually.

- **Program Ratios Dip:** At half of these organizations, the percentage of budgets spent on direct services *dropped*—in one case, from 85% to 72%.

- **Donor Perception Gap:** Surveys show **68% of donors** mistakenly believe "most charities spend 90% or more on programs."

**Case in Point:** The *American Health Alliance* (AHA), a $200M-revenue nonprofit, paid its CEO $1.3M in 2024—a 40% increase since 2020—while its disease prevention program budget grew just 3%.

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*"When overhead eclipses impact, it’s a red flag,"* said watchdog advocate Maria Che#n. *"Donors deserve clarity on where dollars actually go."* #NFPWatch